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Re: More 6% inflation
[Re: MorningAir]
#3598450
01/29/22 07:20 PM
01/29/22 07:20 PM
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Joined: Nov 2008
Posts: 10,678
Alabama
whack-n-stack
Booner
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Booner
Joined: Nov 2008
Posts: 10,678
Alabama
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If they are reporting inflation at 6%, why is the average cost of goods increase at 25%?
I don’t think it’s price gouging in every case. I think producers and outsourcers are jacking up prices to get higher margins than they had when Biden was elected. This way they can show revenue growth and help him try to push the narrative that his economy is working. That’s some dumbass reasoning. If raw materials cost 6% more from a set point, that means at a minimum your sales tax is more. Profit is at the end of the line. The date you sign a contract is what kills you with inflation. If you lose 10,000 on materials for a contract you signed 3 months ago, you gotta make it back somehow.
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